Berkner Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Berkner Corporation has experienced the following collection pattern: November sales for last year were $80,000, while December sales were $120,000. Projected sales for the next three months are as follows: 20% received in the month of the sale 40% received in the month after the sale January sales.. $ 145,000 February sales $ 135,000 March sales $ 170,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the 24% received two months after the sale 16% of the credit sales are never received For the Months of January through March January Cash sales Collections on credit sales: Enter any number in the edit fields and then click Check Answer. for the next three months are as follows: Berkner Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Berkner Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale January sales $ 145,000 February sales $ 135,000 March sales $ 170,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) 24% received two months after the sale 16% of the credit sales are never received Collections on credit sales: 20% Month of sale 40% Month after 24% Two months after OneDrive Total cash collections Screenshot saved for the next three months are as follows: Berkner Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Berkner Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale January sales. $ 145,000 February sales $ 135,000 March sales $ 170,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) . 24% received two months after the sale 16% of the credit sales are never received Berkner Corporation Cash Collections Budget For the Months of January through March January Cash sales Enter any number in the edit fields and then click Check